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Oppenheimer Bank is offering a 30-year mortgage with an APR of 5.2 based on monthly compounding. With this mortgage your monthly payments would be 2026
Oppenheimer Bank is offering a 30-year mortgage with an APR of 5.2 based on monthly compounding. With this mortgage your monthly payments would be 2026 per month. In addition, Oppenheimer Bank offers you the following deal: Instead of making the monthly payment of 2026 every month, you can make half the payment every two weeks (so that you will make 52/2=26 payments per year). With this plan, how long will it take to pay off the mortgage if the EAR of the loan is unchanged? Note: Make sure to round all intermediate calculations to at least 8 decimal places.
Save Homework: Time Value of Money Additional Homework HW Score: 74.83% 524 of 7 pts Score: 0 of 1 6 of 7 (complete O P5-27 (similar to) Question Hop Gemerkit yametongewi APR of bon mortly compound withis mes your mobily payments would be 52.00 per month In addition Oppenheimer Bank offers you the following deal no memoriamentowy o poutin me te pastery of you with 3372 aments per your) Whispan, how long wait take to pay or martager / hangulowe roudatetaan oma The Toronary years to come and you to the rear whole Step by Step Solution
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